Author: Albert Savana

Executive Director of the National Bank of Mauritania (BNM), Mohamed El Hamed, delivered a plea for PPPs in Mauritania and the G5 Sahel countries on the sidelines of the XIth PPP meetings, held on 21 and 22 March 2018 in Paris. “You must know that the founding members of the PPP Mauritania Club are the leaders of our National Bank. It was first our president Mohamed Ould Noueigued who came up with the idea, having found that there was unfortunately no framework for consultation between the state and private economic actors, “said the banker in comments relayed by the letter…

The new director general of the Chadian Electricity Company (SNE) is Jean-Paul Mbatna. The former director general of the Agency for the Development of Renewable Energies will be assisted by Nassour Mahamat Delio. The two executives are not entitled to the error. Their two predecessors, Mahamat Adoum Ismail and his deputy, Hamid Djouminho Djouma were fired Friday by presidential decree released Friday night by the public radio and television. Chadian President Idriss Déby Itno has carried out this double dismissal while the country is subjected, in recent days, to major power cuts and water. Entire neighborhoods in N’Djamena, the capital,…

In an interview with the French weekly Challenge, the president of Benin, Patrice Talon, believes that Bolloré must leave the great railway project of the Niger loop. 3000 km long, this pharaonic site awarded to the French group in 2013 has not progressed since, entangled in a judicial standoff. Magistrates have ruled in favor of Bolloré’s rival, the Beninese businessman Samuel Dossou, who believes he has rights previously granted by the Beninese government. “We have to get out of this legal jumble,” says Patrice Talon. Both operators must withdraw, amicably, from the project. And they will have to be compensated…

Some 700 people are stopping because of the announced bankruptcy of Rougier. The wooden operator had filed for bankruptcy in early March at the Commercial Court of Poitiers. The wood merchant employing nearly 3,000 people worldwide, including 2,900 in Africa, reported “significantly increased stocks due to the non-evacuation of shipments from a fully saturated port that is not subject to no investment and which is also considerably silted, which hinders boats to go to the docks take packages to ship. Claims refuted by the director general of the port of Douala. The bankruptcy of the Rougier Group should not fall…

President Ameenah Gurib-Fakim ​​resigned on Saturday to the speaker of parliament, according to his lawyer. Yousuf Mohamed, his lawyer, told the Mauritian media that the head of state resigned for the best interests of the nation. She will have to leave her position on March 23rd. Ms. Fakim ​​had been charged with financial irregularities. These accusations eventually deteriorated his relations with Pravind Jugnauth, the prime minister. The only woman president of the continent is accused of using a credit card issued by an international non-governmental organization to buy clothing and jewelery in Italy and Dubai. The resignation of Mrs. Gurib-Fakim…

Currently valued at 4000 billion dollars, the global market for Islamic finance arouses a strong desire of West African countries that weigh only 5% of the volume of transactions. This is the meaning of the fifth edition of the forum on Islamic finance planned from 19 March 2018 in Dakar. West Africa wants to make Islamic finance a lever for growth in its economy. For the CEO of the African Institute of Islamic Finance (AIIF), Mouhamadou Lamine Mbacké, Islamic finance is growing exponentially as the volume of transactions has increased from 800 to 4000 billion. Yet it is the capital of…

The February 2 2018, S & P Global Ratings confirmed the long-term “CCC +” and short-term “C” debt ratings of the Democratic Republic of Congo (DR Congo). The perspective remains “stable”. Clearly, says S & P, the country’s ability to repay its current and future financial commitments is precarious, although debt service obligations are minimal in the short term. This fragility is linked to the persistent political stalemate in which Democratic Republic of Congo (DR Congo) has been diving since December 2016. In S & P’s view, the stable outlook accompanying the rating reflects both the anticipations of persistent political…

The anti-corruption purge, launched last October in Saudi Arabia by order of Crown Prince Mohammed bin Salman, reported 400 billion riyals (about 107 billion) in the form of cash, real estate assets seized and securities financial. This explains Saudi Attorney General Saoud Al Mojeb at a press conference held last Saturday. The 381 personalities (including several Princes) arrested in November 2017 by the regime and locked up at the Ryad Ritz Carlton had to go to the cashier to regain freedom. The most famous al-Walid bin Talal, Twitter shareholder and owner of the hotel George V in Paris, was released…

King Mohammed VI on Monday sent a message to the 30th summit of the African Union (AU), whose work is taking place at the headquarters of the continental organization in Addis Ababa. The document on the “African Agenda for Migration” was designed with an inclusive and participatory approach. This Agenda should aim to make migration a lever for co-development, a pillar of South-South Cooperation, and a vector of solidarity. For this purpose, it is proposed: -The creation of an African Migration Observatory whose work will be based on the triptych “understand, anticipate and act”. Its mission will be to develop…

The 30th summit of the African Union opened on Sunday 28 January and should close on Monday.

The Senegalese businessman Baba Diaw, the West African hydrocarbon magnate, officially launched 22 January 2018 at the launch of 25, the banking institution of the Dakar financial center. The Bustard Bank has an initial capital of 14 billions of francs. The new financial institution installed in Senegal. It will be added to the list of 24 financial institutions in the Dakar square that share the national market. According to the BCEAO, the approval was finally granted to Abdoulaye Baba Diaw, magnate of the strategic hydrocarbon sector and owner of the trading company International Trade and commodities (ITOC). The armor and…